The undivided interest in common areas and a separate interest in a living area or a working area in an industrial, residential or commercial building or office building is best know as a:
a. personal property.
b. community apartment project.
c. condominium.
d. subdivision.
Answer: c. condominium.
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A. Join the Public Company Auditors' Forum of the AICPA. B. Register with the Public Company Accounting Oversight Board. C. Register with the Financial Accounting Standards Board (FASB). D. Register with the SEC pursuant to the Securities Exchange Act of 1934.
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